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Senate Democrats Call Republican Crypto Draft "Regulatory Evasion Highway"
The Democratic staff of the US Senate Banking Committee has criticized the Republican version of the draft cryptocurrency legislation for providing a "regulatory evasion highway" for traditional assets, fearing that non-crypto assets such as stocks could circumvent the Securities Exchange Commission (SEC) regulation simply by tokenizing them. Democrats have pointed out that the definition of "subordinate assets" in the draft is not limited to cryptocurrencies, which could allow companies to sell...
2025-08-11 16:14:50
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